Analyst Chen Shu: On December 11, Bitcoin and Ethereum's false breakout and true pullback? Focus on the key support levels.
From the daily chart, Bitcoin has failed to break above the 9.45 high point twice and has started to pull back. The current price has lost support from various daily moving averages, and attention should be paid to the 4-hour MA120 moving average support at 8.95. If this level is lost, it may pull back further in the short term. On the 1-hour chart, it has currently broken below the MA256 moving average at 9.05, which can be viewed as a dividing line for bulls and bears in the short term. It is expected to oscillate around this level.

From the daily chart, Ethereum has started to pull back after reaching the MA60 moving average. It is currently testing the MA256 moving average support at 3200 again. Attention should be paid to the outcome at this level, which can also be seen as a dividing line for bulls and bears in the short term. On the 4-hour chart, it has again broken below the MA256 moving average at 3220. If this level is lost, the next support to watch is the 1-hour MA256 moving average at 3080.
Afternoon trading strategy (written at 13:00):
BTC: Buy at 8.95, add to long at 8.8, target 9.1/9.2; for the upper levels 9.1/9.2, look for a short with a 1-2000 point pullback.
ETH: Buy at 3155, add to long at 3080, target 3200/3250; for the upper levels 3260/3350, look for a short with a 6-100 point pullback.
The daily analysis strategy has a very high win rate! Analysis is not easy, so I hope everyone can give a free follow, save, like, and comment. Thank you all, and feel free to leave comments below; I will reply to each one.

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